Sebi issues master circular on NOC related to public issue
For the purpose of obtaining the NOC, the issuer is required to submit an application on its letter head in a specified format after the expiry of two months from the date of listing on the latest stock exchange which permitted listing.
“The application for NOC shall be filed by the Post Issue Lead Merchant Banker (PILMB), provided that all issue related complaints have been resolved by the PILMB/ issuer…,” the circular said.
The circular rescinds three circulars issued previously on the subject.
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